India Bond Yields Little Changed at 3-Month High Before Auction
This article is for subscribers only.
India’s 10-year bond yields held at their highest level in more than three months before the sale of 200 billion rupees ($4.3 billion) of bonds and bills this week, which may leave investors with less funds to buy debt.
The yields climbed 19 basis points in the week through yesterday on concern the central bank will increase interest rates again at its policy review next month to cool inflation, after raising it four times this year. India will offer 120 billion rupees of bonds maturing in 2015, 2020 and 2027 on Aug. 27, and 80 billion rupees of bills tomorrow.